This has been the biggest scam in India and in the world. This has substantially been a black spot on the so called India on its way to “economic powerhouse” story. The Telecom scam has been the mother of all scams. Until now, the value of all the scams is not more than 20 lakh crore rupees

Here are some of the points made by the CAG Report:

85 firms suppressed facts, gave fictitious papers to DoT

DoT kept spectrum pricing issue out of GoM’s purview

A Raja ignored Prime Minister’s, FM’s and Law Ministry’s advice

Spectrum was rare national asset, should have been auctioned

2G spectrum allocated to new players at throwaway prices

Undue advantage to Swan Telecom in allocation of spectrum

Email ID of Swan Telecom shown as that of a Reliance ADA group official